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Winnileaks EXCLUSIVE: Three Letters from the Canadian Overseas Shareholder Action Group to the FCA, advisors and the company

By Tom Winnifrith | Wednesday 10 January 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

For all the bluster I am more and more convinced that the Canadian Overseas Petroleum (COPL) Shareholder Action Group (SAG) are just a bunch of crybaby losers who cannot accept that they ignored numerous warnings from myself and others ( abusing me on social media for being wrong) about how bad the assets and management of Canadian were and how it would end in tears. The letter it has sent to the FCA is to a generic address. That is a sign that these losers are just scrabbling around. The failure of the SAG to understand how a death spiral works and what a breach of covenant means is another sign of how utterly clueless they are. Anyhow, thanks to Winnileaks, I have three emails sent in the past 14 days. 1 to the FCA, 2 to advisors and a third to the company. Enjoy.
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